How Much Is Car Insurance In Oregon?

How Much Is Car Insurance In Oregon?

Oregon is one of the most expensive states in the US when it comes to car insurance. The cost of car insurance in Oregon varies depending on a variety of factors, including your age, driving record, and the type of car you drive. There are a number of disadvantages to having car insurance in Oregon, including high premiums, limited coverage options, and limited discounts.

Premiums
The cost of car insurance in Oregon is higher than the national average. The average cost of car insurance in Oregon is around $1,400 per year, which is about 25% higher than the national average. This is due to Oregon’s higher than average liability limits and higher than average uninsured motorist coverage. Additionally, Oregon has some of the highest minimum car insurance requirements in the country, which can drive up the cost of premiums.

Coverage Options
Oregon car insurance companies offer a limited number of coverage options. Oregon law requires drivers to carry liability coverage, which pays for any damages you cause to another person or their property. Additionally, Oregon requires drivers to carry uninsured motorist coverage, which pays for any damages caused by an uninsured driver. Other coverage options, such as comprehensive and collision coverage, are optional in Oregon.

Discounts
Car insurance discounts are limited in Oregon. Most Oregon car insurance companies offer discounts for good drivers, multi-vehicle policies, and safe driving courses. However, Oregon does not offer many discounts for low-mileage drivers, good students, or members of certain organizations. Additionally, Oregon does not allow drivers to bundle their car insurance with other types of insurance, such as home or life insurance.

Conclusion
Car insurance in Oregon is more expensive than the national average. Additionally, Oregon car insurance companies offer limited coverage options and discounts. It is important to shop around and compare car insurance quotes from multiple companies to ensure you are getting the best rate possible.